Economic Indicators 21/8/12



International markets

Global markets were mixed on Friday, with the broader market capping off a sixth straight week of gains.

The Dow Jones industrial average rose slightly and the S&P 500 rose about 0.2 per cent. The Nasdaq Composite added 0.4 per cent.

European markets finished higher on Friday with markets in Germany leading the region. The French DAX was up 0.64 per cent while London’s FTSE 100 was up 0.51 per cent and France’s CAC 40 up 0.23 per cent.

This morning, Asian markets are mixed. The Nikkei 225 is higher by 0.30 per cent, while the Shanghai Composite is leading the Hang Seng lower. They are down 1.07 per cent and 0.75 per cent respectively

The US dollar is currently trading at 1.23 to the euro, 1.57 to the pound and will buy 79.51 Japanese Yen or 8.32 South African Rand.

Domestic markets

THE JSE closed weaker on Friday with all the main indices closing in negative territory, while the platinum price made strong gains on the back of violence at Lonmin’s Marikana mine last week.

At the close‚ the JSE all-share index the JSE All-share index was trading 0.55 per cent softer at 35 547.33 points‚ with banks leading the downside‚ off 1.08 per cent.

South African bonds were weaker in afternoon trade on Friday after US institutions sold SA assets on concerns that the crisis at Marikana could escalate.

At the close, the R157 bond was trading at 5.705 per cent from 5.660 per cent at 11.35am‚ Thursday’s close of 5.655 per cent and Wednesday’s close of 5.670 per cent‚ the R207 was bid at 6.790 per cent and offered at 6.760 per cent from its previous close of 6.725 per cent and the R186 was trading at 7.650 per cent from its previous close of 7.575 per cent.


Spot gold is currently trading at US$ 1618.33/oz and platinum at US$ 1477.65/oz. Brent crude oil is currently trading at US$ 114.46 per barrel.


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